Revoak Limited – Help centre
greyloan.co.uk makes getting a loan convenient through its online loan application. We’ve designed an easy three step process that saves our consumers time and makes getting the cash they need as straightforward as possible.
How does GreyLoan.co.uk work?
GreyLoan.co.uk is a broker, not a lender, and works with a select panel of lenders in return for a commission fee. We do not directly offer loans. Instead, we provide customers with access to our network of UK short-term and instalment lenders through our online form, matching applicants with lenders in our network.
How much can I borrow?
Our panel of lenders can offer between £100 and £5,000.
How long does it take to apply for a loan and receive funds?
The online application takes just a few minutes to complete. GreyLoan.co.uk will then process your application through our network of lenders in an attempt to match you with a suitable lender. This process typically takes only minutes. If your application is approved, you will be redirected to the lender’s completion page, where you can electronically sign your loan agreement.
How will I receive my funds?
Your funds will be transferred electronically into the bank account you provided in your application.
If approved for a loan by an independent third-party lender, how quickly could I receive it?
In most cases, if you are accepted by a lender, the funds could be transferred into your bank account as early as the next working day. However, this depends on the lender as well as your bank’s processing times. If you have any questions about transfer times, please contact your lender directly.
What are the eligibility criteria?
- You must be aged 18 or over
- You must live in the UK
- You must have an active bank account that can accept direct debits
- You must have a regular source of income
Why do you require my personal information?
We require your personal information to present your application to our lenders, enabling them to assess your eligibility for a loan. For more details on how we use your data, please refer to our Privacy Policy.
Will you check my credit score?
GreyLoan.co.uk does not conduct credit checks. However, some lenders in our panel may perform a credit check as part of their application process. Please ensure you review the lender’s terms before proceeding.
What is your Representative APR?
- Rates range from 12.9% APR to 1,721% APR.
- The minimum loan term is 1 month.
- The maximum loan term is 36 months.
Representative Example:
- 17 monthly repayments of £87.22 and a final repayment of £87.70
- Total amount repayable: £1,570.44
- Interest: £570.44
- Annual interest rate: 59.97% (fixed)
- Representative APR: 79.5% (variable)
What should I do if I have problems repaying?
If you experience difficulty repaying your loan, please contact your lender directly. They will be able to discuss repayment options with you. If you are struggling with managing your finances, you may wish to seek advice from MoneyHelper (moneyhelper.org.uk), which provides free, impartial guidance on money management.
